Impact of Covid-19: Simulators Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast By 2027

The Global Simulators Market is estimated to reach USD 24.7 Billion by 2027 at a CAGR of 3.7%, observes forencis research (FSR).

Simulator is referred as device designed in a way to offer exact imitation operation of complex system such as aircraft, space craft and other vehicles. Simulators re-creates the design and environment similar to the actual conditions, which is used for offering training for aircraft operating, evaluation and maintenance services. Training through simulators is more cost effective way over the live flight training. It offers practice to the training pilots to tackle in difficult operation and weather conditions. Simulators are used in air forces, ground forces, marine and space training application areas.

Simulators Market: Drivers & Restraints

Market Drivers:

Rising Demand for Trained Aviation Professionals

Shortage of the pilots for the international and domestic flights across the globe is creating higher affinity for the skilled pilots. Lack of human resources in the airline sector is an outcome of higher economic growth, rise in low cost carriers, with unmatched boom in tourism sector. According to CAE report, the airline industry would need 255,000 new airline pilots in coming decade, escalating the total active pilot count to be 440,000 by 2027. Increasing focus of the prominent airline companies towards strategic recruitment planning is expected to push the market growth higher.

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Higher Need to Minimize Pilot Training Cost

The demand for aircrafts worldwide is increasing owing to rise in flight iteration with increasing air traffic. This has led to higher demand for more skilled workforce for cater the rising flight iteration. More often high cost is associated with training of the unskilled workforce, which drives the attention towards reducing the overall training cost. With adoption of the simulator possess higher capability to imitate the real environment, the cost of the training pilots through conventional training methods lowers, as it does not use any fuel and the overall maintenance cost of the training aircrafts also reduces. This has act as another prominent factor pushing the market towards growth.

Market Restraints:

High Initial Cost

The simulator is gaining higher demand for the aerospace and defense sectors, to impart better training to the new pilots. However, the growth of this market is mainly hampered by high initial cost associated with it. Installation of FAA qualified advanced software system and training devices with higher adoption of real time simulation is prominent factor contributing high initial cost.

Simulators Market: Key Segments

Based on Type, the market is segmented into: Full Mission Simulators, Flight Training Devices, Full Flight Simulators, Fixed-based Simulators, Containerized Simulators and Others
Based on Component, the market is segmented into: Hardware and Software
Based on Technology, the market is segmented into: Live, Virtual, Constructive and Others
Based on Service, the market is segmented into: Operator Training and Maintenance
Based on Application, the market is segmented into: Land, Marine, Space, and Air
Based on Geography, the market is segmented into: North America, South America, Europe, Asia-Pacific, Middle East & Africa with individual country-level analysis.

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Simulators Market: Report Scope

The report on the simulators market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Simulators Market include:

TRU Simulation + Training Inc. (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
CAE Inc.
Elite Simulation Systems
FRASCA International, Inc.
Thales Group
Collins Aerospace
L3Harris Technologies, Inc.
Boeing
FAAC Incorporated
Saab AB
Other Key Companies

Simulators Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Simulators Market, by Type

Full Mission Simulators
Flight Training Devices
Full Flight Simulators
Fixed-based Simulators
Containerized Simulators
Others

Simulators Market, by Component

Hardware
Software

Simulators Market, by Technology

Live
Virtual
Constructive
Others

Simulators Market, by Service

Operator Training
Maintenance

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Simulators Market, by Application

Land
Marine
Space
Air

Military Aircraft
Commercial Aircraft
Drones
Others

Simulators Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major developments impacting the global market and its growth?
What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of global market?
What are the major characteristics that will affect the global market growth during the study period?
Who are the key global players operating in the market?
How are the major players leveraging in the existing global market conditions?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Rising Demand for Trained Aviation Professionals

4.2.2. Need to Minimize Pilot Training Cost

4.2.3. Pilot Training and Certification Regulations

4.3 Restraints

4.3.1. High Initial Cost

4.4 Opportunities

4.4.1. Higher Inclination Towards Virtually Real Simulator

4.5 Challenges

4.5.1 Issues Related to Complexity of Simulators

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 SIMULATORS MARKET BY TYPE, Market Size in USD Million (2019—2027)

6.1 Introduction

6.2 Full Mission Simulators

6.3 Flight Training Devices

6.4 Full Flight Simulators

6.5 Fixed-based Simulators

6.6 Containerized Simulators

6.7 Others

7 SIMULATORS MARKET BY COMPONENT, Market Size in USD Million (2019—2027)

7.1 Introduction

7.2 Hardware

7.3 Software

8 SIMULATORS MARKET BY TECHNOLOGY, Market Size in USD Million (2019—2027)

8.1 Introduction

8.2 Live

8.3 Virtual

8.4 Constructive

8.5 Others

9 SIMULATORS MARKET BY SERVICE, Market Size in USD Million (2019—2027)

9.1 Introduction

9.2 Operator Training

9.3 Maintenance

10 SIMULATORS MARKET BY APPLICATION, Market Size in USD Million (2019—2027)

10.1 Introduction

10.2 Land

10.3 Marine

10.4 Space

10.5 Air

10.5.1 Military Aircraft

10.5.2 Commercial Aircraft

10.5.3 Drones

10.5.4 Others

11 SIMULATORS MARKET BY REGION, Market Size in USD Million (2019—2027)

11.1 North America

8.1.1. US

8.1.2. Canada

8.1.3. Mexico

11.2 Europe

8.2.1. Germany

8.2.2. France

8.2.3. Italy

8.2.4. UK

8.2.5. Spain

8.2.6. Rest of Europe

11.3 Asia-Pacific

8.3.1. China

8.3.2. Japan

8.3.3. India

8.3.4. South Korea

8.3.5. Rest of Asia-Pacific

11.4 Middle East & Africa

8.4.1. Saudi Arabia

8.4.2. UAE

8.4.3. Rest of Middle East

11.5 South America

8.5.1. Brazil

8.5.2. Argentina

8.5.3. Rest of South America

12 COMPETITIVE LANDSCAPE

12.1 Introduction

12.2 Market Ranking/Share Analysis of Key Companies

12.3 Company Benchmarking

13 COMPANY PROFILES

13.1 TRU Simulation + Training Inc.

13.1.1 Company Overview

13.1.2 Financial Overview

13.1.3 Products/Solutions/Services Offered

13.1.4 Key Developments

13.1.5 SWOT Analysis

13.2 CAE Inc.

13.3 Elite Simulation Systems

13.4 FRASCA International, Inc.

13.5 Thales Group

13.6 Collins Aerospace

13.7 L3Harris Technologies, Inc.

13.8 Boeing

13.9 FAAC Incorporated

13.10 Saab AB

13.11 Other Key Companies

14 APPENDIX

14.1 Key Industry Expert Insights

14.2 Primary Discussion Guide

14.3 Customization Options

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